Hong Kong stocks suffer worst single-day rout since 2008 as Xi consolidates power

Hong Kong stocks suffer worst single-day rout since 2008 as Xi consolidates power

Hong Kong stocks suffered their worst single session since the 2008 financial crisis after Chinese leader Xi Jinping tightened his grip on power. The Hang Seng HSI, -6.36% ended more than 6% lower to a new 13-year low, with tech giants including JD.com 9618, -13.17% JD, -0.02%, Baidu 9888, -12.20% BIDU, -2.29%, Tencent 700, -11.43%…

Alibaba shares keep sliding in Hong Kong following delisting threat from SEC

Alibaba shares keep sliding in Hong Kong following delisting threat from SEC

Hong Kong-listed shares of Alibaba Group Holdings Ltd. continued to sink overnight, after U.S. regulators last week added the e-commerce giant to a list of Chinese-owned companies that could be delisted. Alibaba shares fell as much as much as 5.1% in early trading in Hong Kong late Sunday night, Eastern time, though it had recently…